Las Vegas company buys casinos

September 10

Golden Gaming Inc., has reached an agreement to purchase both the Golden Gates and Golden Gulch casinos in Black Hawk, Colorado.

Back in May, the Las Vegas based company in announced an agreement to purchase the Mardi Gras casino in Black Hawk, Colorado, a small town located about 45 minutes from Denver. The company states that it expects the sales to close before the end of the year 2004.

Once the transactions for the purchase of the two casinos are complete, it is said that Golden Gaming will operate more than 1,200 gaming devices in Black Hawk, Colorado.

In a statement, Golden Gaming Director of Marketing Scott Eldredge said the closeness of the casinos to one another will allow for great flexibility for developing such things as additional casino space, hotel rooms, parking and other amenities.